Keating Investment Counselors Inc. reduced its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 0.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 5,190 shares of the retailer’s stock after selling 40 shares during the period. Keating Investment Counselors Inc.’s holdings in Costco Wholesale Corporation were worth $870,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in COST. Accredited Investors Inc. boosted its position in Costco Wholesale Corporation by 0.8% in the first quarter. Accredited Investors Inc. now owns 2,150 shares of the retailer’s stock worth $361,000 after buying an additional 17 shares during the period. FormulaFolio Investments LLC boosted its position in Costco Wholesale Corporation by 0.5% in the first quarter. FormulaFolio Investments LLC now owns 3,530 shares of the retailer’s stock worth $592,000 after buying an additional 18 shares during the period. McKinley Carter Wealth Services Inc. boosted its position in Costco Wholesale Corporation by 0.7% in the first quarter. McKinley Carter Wealth Services Inc. now owns 3,063 shares of the retailer’s stock worth $514,000 after buying an additional 20 shares during the period. Gilder Gagnon Howe & Co. LLC boosted its position in Costco Wholesale Corporation by 2.3% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 972 shares of the retailer’s stock worth $163,000 after buying an additional 22 shares during the period. Finally, Moloney Securities Asset Management LLC boosted its position in Costco Wholesale Corporation by 1.3% in the first quarter. Moloney Securities Asset Management LLC now owns 2,082 shares of the retailer’s stock worth $349,000 after buying an additional 26 shares during the period. Hedge funds and other institutional investors own 72.51% of the company’s stock.

Shares of Costco Wholesale Corporation (NASDAQ:COST) traded up 0.97% during midday trading on Thursday, hitting $155.94. 2,078,910 shares of the stock traded hands. Costco Wholesale Corporation has a one year low of $142.11 and a one year high of $183.18. The firm has a 50-day moving average price of $155.03 and a 200 day moving average price of $167.02. The stock has a market cap of $68.39 billion, a price-to-earnings ratio of 27.07 and a beta of 0.93.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.30%. This is an increase from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, August 16th. Costco Wholesale Corporation’s dividend payout ratio (DPR) is presently 34.66%.

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A number of research analysts have commented on the company. Wells Fargo & Company restated a “hold” rating on shares of Costco Wholesale Corporation in a research note on Thursday, May 4th. Cowen and Company restated an “outperform” rating on shares of Costco Wholesale Corporation in a research note on Tuesday, June 6th. BMO Capital Markets restated an “outperform” rating and set a $195.00 price target on shares of Costco Wholesale Corporation in a research note on Friday, June 2nd. Guggenheim restated a “neutral” rating on shares of Costco Wholesale Corporation in a research note on Friday, June 2nd. Finally, Goldman Sachs Group Inc cut Costco Wholesale Corporation from a “conviction-buy” rating to a “neutral” rating and decreased their price target for the stock from $197.00 to $176.00 in a research note on Friday, June 16th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Costco Wholesale Corporation currently has a consensus rating of “Buy” and an average target price of $179.78.

In other news, VP James P. Murphy sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $181.30, for a total transaction of $906,500.00. Following the completion of the transaction, the vice president now directly owns 48,845 shares of the company’s stock, valued at approximately $8,855,598.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John W. Meisenbach sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $159.25, for a total transaction of $159,250.00. Following the transaction, the director now directly owns 4,974 shares of the company’s stock, valued at $792,109.50. The disclosure for this sale can be found here. Insiders have sold a total of 15,000 shares of company stock valued at $2,677,430 over the last ninety days. 0.74% of the stock is owned by insiders.

About Costco Wholesale Corporation

Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world.

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Institutional Ownership by Quarter for Costco Wholesale Corporation (NASDAQ:COST)

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